LiveOne, Inc. Q2 FY2020 Earnings Call

· Earnings call transcript and AI-powered summary

LiveXLive Media Q2 Fiscal 2020 Earnings Summary

  • Revenue: $9.6 million, a 20% increase from $8 million in Q2 FY2019, driven by paid subscriber growth.
  • Paid Subscribers: 775,000 at end of Q2 FY2020, a 41% increase from 549,000 in Q2 FY2019.
  • Contribution Margin: $1.1 million, up from a loss of $0.2 million in Q2 FY2019; margin percentage improved to 34% from 28% year-over-year.
  • Adjusted Operating Loss: $3.7 million, flat year-over-year despite growth, offset by increased operating expenses.
  • Livestreams: 10 events streamed in Q2 vs. 8 in prior-year quarter, generating over 27M views; average event cost decreased 30% year-over-year.
  • Cash Position: $16.1 million as of Sept 30, 2019, up from $13.7 million at March 31, 2019.
  • New Partnerships & Talent: Strategic hires include Dermot McCormack as President and Jason Miller as Global Head of Sales. New content and marketing partnerships launched with Rock in Rio, ZOOM Media, and Allied Esports.

Business Highlights and Developments

  • Launched Version 2.0 of LiveXLive app, featuring interactive social features and merchandising.
  • Introduced LiveCause, a new philanthropic platform supporting artist-selected charities.

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Operator: Good day and welcome to the LiveXLive Media Q2 2020 Earnings Conference Call and Webcast. [Operator Instructions] Please note this event is being recorded. I would now like to turn the conference over to Emily Greenstein with Investor Relations. Please go ahead. Emily Greenstein;The Blueshirt Group;Associate: Thank you. Good morning, and welcome to LiveXLive Media's Financial Results and Business Update Conference Call for the Second Quarter of Fiscal Year 2020, ended September 30, 2019. Joining me on today's call are Rob Ellin, CEO and Chairman, and Mike Zemetra, CFO. I would like to remind you that some of the statements made on today's call are forward-looking and are not guarantees of future performance or results and are based on current expectations, forecasts and assumptions that involve risks and uncertainties. These statements include but are not limited to statements regarding the future performance of LiveXLive Media, including expected financial results for the full fiscal year 2020 and the future growth and plans in the business. There can be no assurance that the company's attempts at any or all of these endeavors will be successful. Actual results may differ materially from those discussed in this call for a variety of reasons. Please refer to our filings with the SEC for information about factors which could cause our actual results to differ materially from these forward-looking statements, including those described in the company's annual repor

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